Hindustan Petroleum Corporation (HPCL), one of the leading petroleum products retailers in the country, has received its board’s approval to raise up to Rs 6,000 crore by issue of secured/unsecured Redeemable non-convertible bonds/debentures from domestic as well as overseas market. The company’s board gave approval for the same at the meeting held on November 15, 2016.
HPCL is a Government of India Enterprise with a Navratna Status, and a Forbes 2000 and Global Fortune 500 company. It owns & operates 2 major refineries producing a wide variety of petroleum fuels & specialties, one in Mumbai of 6.5 MMTPA capacity and the other in Visakhapatnam, with a capacity of 8.3 MMTPA.
